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S00061 Summary:

Amd 162, St Fin L
Grants a preference to New York state businesses in the state contract award process where the New York state business' bid is within five percent of the winning bid.
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S00061 Text:

                STATE OF NEW YORK
                               2019-2020 Regular Sessions
                    IN SENATE
                                     January 9, 2019
        Introduced  by  Sen.  ROBACH -- read twice and ordered printed, and when
          printed to be committed to the Committee on Finance
        AN ACT to amend the state finance law, in relation to granting a prefer-
          ence to New York State businesses in the state contract award process

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section 1. Section 162 of the state finance law is amended by adding a
     2  new subdivision 2-a to read as follows:
     3    2-a.  Preferred status for bids. a. Preferred status, as prescribed in
     4  this section, shall be accorded to bids where such bid's commodities  or
     5  services  are produced by a company whose headquarters and primary busi-
     6  ness presence are located in New York state and such bid was within five
     7  percent of the winning bid. A company's  primary  business  presence  is
     8  located  in  New  York state when it realizes more than fifty percent of
     9  its combined gross revenues from business activity generated in New York
    10  state and has more  than  fifty  percent  of  its  full-time  equivalent
    11  employees employed in New York state.
    12    b. When preferred status is given to multiple bids, the best preferred
    13  status bid shall be considered the winning bid.
    14    §  2. This act shall take effect one year after it shall have become a
    15  law.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
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